As busy therefore Stock Market Outlook of today(16-05-2017) is not being updated.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Valid break out crucial levels will decide next trend
Intra Day Chart Analysis & Market Outlook
(15-05-2017)
Nifty-Intra Day Chart (12-May-2017):- |
| Just click on chart for its enlarged view |
1- Whole day Down moves in Bullish Falling Channels
2- Whole day actual trading between 9373-9437
Conclusions from intra day chart analysis
Following lines were told on 11-05-2017 in "Today started correction continuation expectations":-
1- As good intraday consolidation above 9374 yesterday and equally good selling below 9450 today
2- therefore Nifty will firstly slip towards 9374 and prepare for next decisive moves within 8374-9450
As was told 100% same happened and firstly Nifty slipped towards 9374 and recovered after intraday lowest formations at 9372.55 as well as closed within mentioned trading range(8374-9450) at 9400.90 on 12-05-2017.
Whole day good consolidation through Down moves in Bullish Falling Channels on 12-05-2017 therefore up moves are expected towards 9450 next Monday but sustaining above it is must after follow up complete consolidation because good selling was seen below 9450 on 11-05-2017.
Finally same view which was updated on 11-05-2017 that Nifty will prepare for next decisive moves within 8374-9450 as well as valid break out this range will decide next trend which should be watched in the coming sessions because these levels have become crucial now.
Today started correction continuation expectations
Intra Day Chart Analysis & Market Outlook
(12-05-2017)
Nifty-Intra Day Chart (11-May-2017):-
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| Just click on chart for its enlarged view |
1- Up moves in Bearish Rising Channel
2- Selling between 9446-9450
3- Selling between 9436-9445
4- Whole day actual trading between 9412-9450
Conclusions from intra day chart analysis
Very Short Term Correction possibility was told yesterday and Nifty closed near the intraday lower levels of the day today after higher levels good selling therefore firstly today started correction continuation is expected tomorrow,
As good intraday consolidation above 9374 yesterday and equally good selling below 9450 today therefore Nifty will firstly slip towards 9374 and prepare for next decisive moves within 8374-9450 as well as valid break out this range will decide next trend which should be watched in the coming sessions.
Rally Continuation after Very Short Term Correction completion
Intra Day Chart Analysis & Market Outlook
(11-05-2017)
Nifty-Intra Day Chart (10-May-2017):-
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| Just click on chart for its enlarged view |
1- Up moves after opening
2- Consolidation between 9374-9392
3- Slow up moves in last hour
4- Whole day actual trading between 9336-9414
Conclusions from intra day chart analysis
As IMD forecast of better Mansoon yesterday evening therefore firstly up moves after positive opening and after that consolidation also between 9374-9392 but after that slow up moves in last hour therefore rally continuation is expected after Very Short Term Correction completion and until Nifty will not sustain below 9374 after complete selling till then decisive down moves will not be seen.
8308-8338 will confirm next Big Moves
Intra Day Chart Analysis & Market Outlook
(10-05-2017)
Nifty-Intra Day Chart (09-May-2017):- |
| Just click on chart for its enlarged view |
1- Consolidation between 8308-8321
2- Consolidation between 8310-8320
3- Selling between 8330-8338
4- Selling between 8324-8330
5- Selling between 8323-8330
6- Whole day actual trading between 8308-8338
Conclusions from intra day chart analysis
Following lines were told yesterday in "Intra Day Chart Analysis & Market Outlook(09-05-2017)":-
Firstly lower levels supports but after that most time sideways trading with Mixed Patterns formations therefore on going correction continuation/completion will get confirmation from valid break out today trading range(9298-9338) which should be firstly watched in the coming sessions.
As again whole day narrow range today trading with higher levels selling and lower levels consolidation means Mixed Patterns today and:-
1- Today whole day 30 points trading within yesterday trading range
2- Today closing within yesterday trading range at 8316.85
As last 2 sessions trading within 8308-8338 with Mixed Patterns formations and its valid break out will give first strong signal of next big moves which should be watched in the coming sessions for confirmations.
Intra Day Chart Analysis & Market
Outlook(09-05-2017)
Nifty-Intra Day Chart (08-May-2017):- |
| Just click on chart for its enlarged view |
1- Support between 9298-9310
2- Most time sideways trading with Mixed Patterns formations between 9307-9329
3- Whole day actual trading between 9298-9338
Conclusions from intra day chart analysis
Firstly lower levels supports but after that most time sideways trading with Mixed Patterns formations therefore on going correction continuation/completion will get confirmation from valid break out today trading range(9298-9338) which should be firstly watched in the coming sessions.
Short Term Correction Expectations
Intra Day Chart Analysis & Market Outlook
(05-05-2017)
Nifty-Intra Day Chart (04-May-2017):-
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| Just click on chart for its enlarged view |
1- Selling patterns formations between 9337-9356
2- Up moves in Bearish Rising Channel
3- Selling patterns formations between 9353-9365
4- Whole day actual trading between 9324-9365
Conclusions from intra day chart analysis
Although today closing at life time highest level but today intraday charts are showing selling patterns formations therefore Short Term Correction is expected which may begin either tomorrow or in the beginning of next week.
Intra Day Chart Analysis & Market
Outlook(04-05-2017)
Nifty-Intra Day Chart (03-May-2017):- |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- More than 5 hours sideways trading with Mixed Patterns formations between 9299-9332
3- Whole day actual trading between 9299-9337
Conclusions from intra day chart analysis
As today intraday charts showed some indications of consolidation immediately after opening therefore told following line at 09:57 AM today in "Post-open Outlook(03-05-2017)":-
view will be watchful and firstly valid break out of yesterday trading range(9270-9352) should be watched for next decisive moves confirmations.
As firstly down moves in Bullish Falling Channel and after that whole day trading with Mixed Patterns formations therefore same above levels watching view which was updated today morning because one sided intraday patterns formations were not seen today.
Post-open Outlook(03-05-2017)
Although Nifty(May Fut) moved into negative zone after slipping from higher levels but today intraday charts are showing some indications of consolidation also therefore view will be watchful and firstly valid break out of yesterday trading range(9270-9352) should be watched for next decisive moves confirmations.
Correction Continuation Expectations towards next Supports
Intra Day Chart Analysis & Market Outlook
(03-05-2017)
Nifty-Intra Day Chart (02-May-2017):-
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| Just click on chart for its enlarged view |
1- 48 Points Pull Back Rally in first hour
2- Selling between 9335-9352
3- 82 points sharp down in 1 hour
4- Last 4 hours up moves in Bearish Rising Channels
5- Whole day actual trading between 9270-9352
Conclusions from intra day chart analysis
Following lines were told yesterday in "Finally slipping after a Pull Back Rally":-
1- Pull Back rally can not be ruled out tomorrow which will not sustain
2- finally Nifty will slip below day's lowest(9283) in the next 1/2 sessions
As was told yesterday 100% same happened today and firstly 48 Points Pull Back Rally was seen which could not sustain and Nifty slipped below 9283 towards 9269.90 within first 2 hours today.
Although last 4 hours up moves and positive closing also today but those up moves were in Bearish Rising Channels therefore view will not be Bullish. As sufficient selling patterns formations today therefore correction continuation is expected towards next supports between 9253-9263.
Finally slipping after a Pull Back Rally
Intra Day Chart Analysis & Market Outlook
(02-05-2017)
Nifty-Intra Day Chart (28-Apr-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 9295-9314
2- Up moves in Bearish Rising Channel
3- Last 2 hours trading with Mixed Patterns formations between 9298-9318
4- Whole day actual trading between 9283-9318
Conclusions from intra day chart analysis
Although sufficiently good intraday selling patterns formations last Friday but Mixed Patterns formations were also seen between 9298-9318 in last 2 hours therefore a Pull Back rally can not be ruled out tomorrow which will not sustain and finally Nifty will slip below day's lowest(9283) in the next 1/2 sessions.
Very Short Term correction expectations
Intra Day Chart Analysis & Market Outlook
(28-04-2017)
Nifty-Intra Day Chart (27-Apr-2017):-
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| Just click on chart for its enlarged view |
1- Up moves in Bearish Rising Channel
2- Down moves in Bullish Falling Channel
3- Support between 9335-9343
4- Selling between 9356-9366
Conclusions from intra day chart analysis
Although some consolidation and supports also between 9335-9343 but sufficiently good selling was seen today therefore Very Short Term correction is expected in the coming sessions.
Intra Day Chart Analysis & Market
Outlook(27-04-2017)
Nifty-Intra Day Chart (26-Apr-2017):-Outlook(27-04-2017)
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| Just click on chart for its enlarged view |
1- 4 Hours trading with Mixed Patterns formations between 8339-8367
2- High volaility in last hour
3- Whole day actual trading between 8302-8367
Conclusions from intra day chart analysis
Although closing near the higher levels of the day but 4 Hours today trading was with Mixed Patterns formations and high volatility in last hour also therefore some more consolidation is firstly required between and near about today trading range for decisive up moves above today highest because one sided clear intraday patterns were not seen today.
27 Sessions trading was seen 9020-9274 and this range was broken out on 25-04-2017 and previous 2 sessions closing was above it. 3 Sessions closing above 9274 will be technically break out confirmation,its happening tomorrow will mean fresh big rally after 27 sessions like big range break out confirmations.
Expected that rally will remain continued but after follow up consolidation between 8302-8367 which should also be watched tomorrow.
Firstly Watch sustaining beyond 27 sessions trading range for Next big moves confirmations
Intra Day Chart Analysis & Market Outlook
(25-04-2017)
Nifty-Intra Day Chart (24-Apr-2017):-
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| Just click on chart for its enlarged view |
1- Positive opening after Dow's Futures trading more than 130 points up.
2- Whole day up moves after French news led Dow's Futures gaining 200 points and all European markets gaining 2% to more than 4%.
3- Whole day actual trading between 9131-9225
Conclusions from intra day chart analysis
As following news since today morning therefore whole day up moves after positive opening today:-
1- French stocks head for 9-year high after Macron win eases ‘Frexit’ fears
2- Dow industrials set to rocket up 200 points higher on relief over French vote
(Just click above topic links and go through whole news)
As whole day today up moves were due to global cues of easing ‘Frexit’ fears and as such no specific intraday trading pattern formations therefore firstly sustaining above previous 27 sessions trading range(9020-9274) highest is required because multiple resistances are lying above today highest and 9274.
Only Global cues led intraday up moves within previous 27 sessions trading range(9020-9274) today and finally sustaining it beyond should be watched in the coming sessions for next big moves because that will more than 27 sessions like big sideways market break out.
Post-open Outlook(24-04-2017)
As Dow's Futures is trading more than 130 points up today morning therefore up moves after positive opening today but sufficiently good selling was seen between 9148-9165 last Friday therefore firstly sustaining it beyond should be watched for next decisive moves confirmation.
Next big moves confirmation from next last Supports
Intra Day Chart Analysis & Market Outlook
(24-04-2017)
Nifty-Intra Day Chart (21-Apr-2017):-
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| Just click on chart for its enlarged view |
1- More than 3 hours selling between 9148-9165
2- Last hour up moves in Bearish Rising Channel
3- Whole day actual trading between 9089-9180
Conclusions from intra day chart analysis
As sufficiently good selling last Friday therefore correction continuation is expected towards next last supports(9025-9040) of previous 26 sessions trading range(9020-9274) and finally sustaining beyond these supports will confirm next big moves because that will more than 26 sessions like big sideways market break out.
Intra Day Chart Analysis & Market
Outlook(20-04-2017)
Nifty-Intra Day Chart (19-Apr-2017):-Outlook(20-04-2017)
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| Just click on chart for its enlarged view |
1- Most time trading with Mixed Patterns formations between 9076-9114
2- Last hour up moves
3- Whole day actual trading between 9076-9120
Conclusions from intra day chart analysis
Although closing near the higher levels of the day after last hour up moves but most time trading with Mixed Patterns formations between 9076-9114 therefore Nifty has to prepare for next decisive moves within and near about this range and finally sustaining it beyond will confirm next trend which should be firstly watched tomorrow.
Next Big moves confirmations from last supports range
Intra Day Chart Analysis & Market Outlook
(19-04-2017)
Nifty-Intra Day Chart (18-Apr-2017):- |
| Just click on chart for its enlarged view |
1- Strong 78 points Pullback Rally in first hour
2- 2 Hours sideways trading between 9202-9217
3- Last 3 hours down moves after Weakness in all European markets and sharp decline in Dow's Futures
4- Whole day actual trading between 9096-9217
Conclusions from intra day chart analysis
Following lines were told in previous Outlook on 16-04-2017 in "Firstly Watch next Supports amid Pull Back Rally expectations":-
emergence Pull Back Rally expectations
As was told 100% same happened and strong 78 points Pullback Rally in first hour today
Following lines with supports were told on 11-04-2017 in "Correction Continuation towards next supports":-
now Nifty will be understood sideways between 9020-9274.
1- 9148-9166
2- 9110-9124
3- 9025-9040
Previous Outlooks on home page are live proofs of this fact that we started to tell for correction from 03-04-2017 and that started immediately after that as well as still in continuation. Sideways market between 9020-9274 was also updated with above mentioned 3 supports and Nifty closed below 2nd supports range today.
Certainly correction continuation within 24 sessions trading range(9020-9274) and finally sustaining it beyond will generate big moves,last supports range within it are between 9025-9040 which should be firstly watched for it confirmations.
Firstly Watch next Supports amid Pull Back Rally expectations
Intra Day Chart Analysis & Market Outlook
(17-04-2017)
Nifty-Intra Day Chart (13-Apr-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 9183-9193
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 9145-9193
Conclusions from intra day chart analysis
Although firstly good selling between 9183-9193 but after that most time consolidation also through Down moves in Bullish Falling Channels therefore emergence Pull Back Rally expectations because Very Short Term indicators have also turned oversold.
Following supports were updated on 12-04-2017 in "Correction continuation towards next supports":-
1- 9148-9166
2- 9110-9124
3- 9025-9040
Nifty closed within 1st supports range at 9150.80 last Thursday and firstly its valid break out should be watched in next week for the life of on going correction.
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